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Western currencies losing grip on Russia – deputy finance minister
The dollar and the euro have lost their dominance in settlements following a US-led sanctions policy, a deputy finance minister has told RT The share of the US dollar and euro in Russia’s settlements slumped from 90% in early 2022 to less than 50% by the end of the year and will keep falling, Russian Deputy Minister of Economic Development Vladimir Ilyichev told RT on Friday. The US dollar and euro are gradually losing global dominance as a Washington-led sanctions policy has prompted more countries around the world to shift to settlements in national currencies, he said at the St. Petersburg International Economi

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